Business Analytics in Civil Engineering Projects - Revision history

Tkokotas at 17:30, 16 November 2018

2018-11-16T17:30:53Z

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			''Developed by Daniel Alejandro Campos Rivera''


	=Abstract=		=Abstract=

Daniel Campos: /* Limitions */

2018-02-25T15:58:12Z

Limitions

← Older revision		Revision as of 15:58, 25 February 2018
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	=Limitions=		=Limitions=

	The lack of information and data in construction industry specially in times and duration of activities (Analysis 4d) can affect the estimated of the price of the project, nevertheless I believe that this method is more accurate and has better confidence interval than other methods such us just one project finance with one scheduling. This method is extremely extensive and expensive in pre-operative phases and many investors don’t understand that many risks can be avoid in the operative phase doing a good planning in the pre-operative ~~phase~~. There is still lack of accurate data in construction companies and the method of business ~~analysis~~ could not work or benefit the organization without developing the business intelligence concept, that is used to evaluate and to control what is happening in real life and real time, given in this way feedback to the management team and helping to develop the lessons learned of past projects in the organization, information that should be taken into account in future analysis of future projects.		The lack of information and data in construction industry specially in times and duration of activities (Analysis 4d) can affect the estimated of the price of the project, nevertheless I believe that this method is more accurate and has better confidence interval than other methods such us just one project finance with one scheduling. This method is extremely extensive and expensive in pre-operative phases and many investors and the market itself don’t understand that many risks can be avoid in the operative phase doing a good planning in the pre-operative phases that will be reflected in savings of time and cost, that is why it's hard to sell it to the industry. There is still lack of accurate data in construction companies and the method of business analytics could not work or benefit the organization without developing the business intelligence concept, that is used to evaluate and to control what is happening in real life and real time, given in this way feedback to the management team and helping to develop the lessons learned of past projects in the organization, information that should be taken into account in future analysis of future projects.

	=Annotated bibliography=		=Annotated bibliography=

Daniel Campos: /* Limitions */

2018-02-25T15:51:47Z

Limitions

← Older revision		Revision as of 15:51, 25 February 2018
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	=Limitions=		=Limitions=

			The lack of information and data in construction industry specially in times and duration of activities (Analysis 4d) can affect the estimated of the price of the project, nevertheless I believe that this method is more accurate and has better confidence interval than other methods such us just one project finance with one scheduling. This method is extremely extensive and expensive in pre-operative phases and many investors don’t understand that many risks can be avoid in the operative phase doing a good planning in the pre-operative phase. There is still lack of accurate data in construction companies and the method of business analysis could not work or benefit the organization without developing the business intelligence concept, that is used to evaluate and to control what is happening in real life and real time, given in this way feedback to the management team and helping to develop the lessons learned of past projects in the organization, information that should be taken into account in future analysis of future projects.

	=Annotated bibliography=		=Annotated bibliography=

Daniel Campos: /* Annotated bibliography */

2018-02-25T15:29:08Z

Annotated bibliography

← Older revision		Revision as of 15:29, 25 February 2018
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	'''A practical guide to adopting bIM in construction projects''' This small guide illustrates why BIM should be used by civil engineers and provides examples of real cases, is a good guide to understand the general concept of what is behind for BIM.		'''A practical guide to adopting bIM in construction projects''' This small guide illustrates why BIM should be used by civil engineers and provides examples of real cases, is a good guide to understand the general concept of what is behind for BIM.

	'''PLANNING OF PROJECT FINANCE. Proceedings of the Institution of Civil Engineers''' This book illustrates the ~~imporatance~~ of ~~planing~~ the project in financial terms however they don't use CAPM to do pricing to civil engineering or MonterCarlo analysis because ~~thoses~~ methods are ~~realatively~~ new.		'''PLANNING OF PROJECT FINANCE. Proceedings of the Institution of Civil Engineers''' This book illustrates the importance of planning finacially the project speacially illustrates cases in civil engineering in financial terms, however they don't use CAPM to do pricing to civil engineering or MonterCarlo analysis because those methods are relatively new.

	=References=		=References=

Daniel Campos at 15:26, 25 February 2018

2018-02-25T15:26:50Z

← Older revision		Revision as of 15:26, 25 February 2018
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	[[File:VPN1.jpg\|Figure 8: Monte-Carlo Net Present Value for the Free cash flow of the project \| thumb\|center\|700 px]]		[[File:VPN1.jpg\|Figure 8: Monte-Carlo Net Present Value for the Free cash flow of the project \| thumb\|center\|700 px]]

			=Limitions=

	=Annotated bibliography=		=Annotated bibliography=

Daniel Campos: /* Annotated bibliography */

2018-02-25T15:25:55Z

Annotated bibliography

← Older revision		Revision as of 15:25, 25 February 2018
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	'''A practical guide to adopting bIM in construction projects''' This small guide illustrates why BIM should be used by civil engineers and provides examples of real cases, is a good guide to understand the general concept of what is behind for BIM.		'''A practical guide to adopting bIM in construction projects''' This small guide illustrates why BIM should be used by civil engineers and provides examples of real cases, is a good guide to understand the general concept of what is behind for BIM.

			'''PLANNING OF PROJECT FINANCE. Proceedings of the Institution of Civil Engineers''' This book illustrates the imporatance of planing the project in financial terms however they don't use CAPM to do pricing to civil engineering or MonterCarlo analysis because thoses methods are realatively new.

	=References=		=References=

Daniel Campos: /* Annotated bibliography */

2018-02-25T15:23:58Z

Annotated bibliography

← Older revision		Revision as of 15:23, 25 February 2018
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	'''Business Analytics, International Series in Operations Research & Management Science 186''' This wook is interesant because give a explaneation of how Business analytics are applied in different types of cases, explain how should be measure the risk quantitative of a project, how data should be analyzed and how data should be manipulated, however speak in general contex and not specify for civil engineering projects.		'''Business Analytics, International Series in Operations Research & Management Science 186''' This wook is interesant because give a explaneation of how Business analytics are applied in different types of cases, explain how should be measure the risk quantitative of a project, how data should be analyzed and how data should be manipulated, however speak in general contex and not specify for civil engineering projects.

			'''A practical guide to adopting bIM in construction projects''' This small guide illustrates why BIM should be used by civil engineers and provides examples of real cases, is a good guide to understand the general concept of what is behind for BIM.

	=References=		=References=

Daniel Campos: /* Annotated bibliography */

2018-02-25T15:18:55Z

Annotated bibliography

← Older revision		Revision as of 15:18, 25 February 2018
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	'''PMBOK® Guide''': This book provides guidelines for managing projects, the book speaks about the stakeholders, cost and risk topics in a project as a guide, chapter eleven is related with how risk should be management in the projects, this biography is related with the article because it gave a general vision about how behaves the projects		'''PMBOK® Guide''': This book provides guidelines for managing projects, the book speaks about the stakeholders, cost and risk topics in a project as a guide, chapter eleven is related with how risk should be management in the projects, this biography is related with the article because it gave a general vision about how behaves the projects

	'''Business Analytics, International Series in Operations Research & Management Science 186''' This wook is interesant because give a explaneation of how Business analytics are applied in ~~diferent~~ types of cases, explain how should be measure the risk quantitative of a project, how data should be analyzed and how data should be manipulated, however speak in general contex and not specify for civil engineering projects.		'''Business Analytics, International Series in Operations Research & Management Science 186''' This wook is interesant because give a explaneation of how Business analytics are applied in different types of cases, explain how should be measure the risk quantitative of a project, how data should be analyzed and how data should be manipulated, however speak in general contex and not specify for civil engineering projects.

	=References=		=References=

Daniel Campos: /* Annotated bibliography */

2018-02-25T15:18:32Z

Annotated bibliography

← Older revision		Revision as of 15:18, 25 February 2018
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	'''PMBOK® Guide''': This book provides guidelines for managing projects, the book speaks about the stakeholders, cost and risk topics in a project as a guide, chapter eleven is related with how risk should be management in the projects, this biography is related with the article because it gave a general vision about how behaves the projects		'''PMBOK® Guide''': This book provides guidelines for managing projects, the book speaks about the stakeholders, cost and risk topics in a project as a guide, chapter eleven is related with how risk should be management in the projects, this biography is related with the article because it gave a general vision about how behaves the projects

	'''Business Analytics, International Series in Operations Research & Management Science 186''' This wook is interesant because give a explaneation of how Business analytics are applied in diferent types of cases, explain how should be measure the risk quantitative of a project.		'''Business Analytics, International Series in Operations Research & Management Science 186''' This wook is interesant because give a explaneation of how Business analytics are applied in diferent types of cases, explain how should be measure the risk quantitative of a project, how data should be analyzed and how data should be manipulated, however speak in general contex and not specify for civil engineering projects.

	=References=		=References=

Daniel Campos: /* Annotated bibliography */

2018-02-25T15:07:31Z

Annotated bibliography

← Older revision		Revision as of 15:07, 25 February 2018
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	'''PMBOK® Guide''': This book provides guidelines for managing projects, the book speaks about the stakeholders, cost and risk topics in a project as a guide, chapter eleven is related with how risk should be management in the projects, this biography is related with the article because it gave a general vision about how behaves the projects		'''PMBOK® Guide''': This book provides guidelines for managing projects, the book speaks about the stakeholders, cost and risk topics in a project as a guide, chapter eleven is related with how risk should be management in the projects, this biography is related with the article because it gave a general vision about how behaves the projects
	'''Business Analytics, International Series in Operations Research & Management Science 186'''
			'''Business Analytics, International Series in Operations Research & Management Science 186''' This wook is interesant because give a explaneation of how Business analytics are applied in diferent types of cases, explain how should be measure the risk quantitative of a project.

	=References=		=References=